HDB

miong SG

"...we live in an executive flat in Jurong West, which we moved into three years ago. We bought the flat for $425,000 from HDB.

Early this year, HDB set up a showflat in our area. Similiar to my unit, the flat is being sold for only $310,000.00.

I was shocked and annoyed: my flat had depreciated by $115,000.00- 27 % - in just 3 years! The rate of depreciation is too drastic, even with the economic downturn over the last few years.

HDB flats are supposed to be subsidised and the prices should therefore be reasonable and affordable for Singaporeans.

Does the substantial reduction in pricing mean theat HDB is selling at a loss or had it overpriced its flats earlier?"

(Quote ST Forum 23/7/04)

SibeiSuayKia SG

Anyway..the foreign reserves are for helping singapore's defense in time of war.

Just think singapore has hundreds of billions in foreign reserves.

just 2 billion could purchase 20 next generation of fighter jets.
and look how much HDB,CPF and IRAS has collected ,and those GLC has earned.

Do you think what is the most appropriate stuff to do when UR $$ is being threatened?

You will definitely use ur $$ to purchase security right? Those GLC like temasek holdings..will definitely use the $$ to fund our battles.

Imagine..just singtel earned over 4 billion SGD..MAS earned over 5 billion
Singapore technologies and SMRT oso earned billions and billions and some of the money goes back to the reserves

Whats the point of having reserves when it stays unsafe?
And during economic crisis hardly anything were used.

I believe it was used for some other purpose.
Like a disaster, considering disaster like earth quake and storms don't hit singapore.

I believe it is for security purposes..yes the hundreds of billion.

2 billion = 20 fighter JETS!
just 100 billions of foreign deposits = 50 x 20 = 1000 fighter jets in arsenal

100 billion can buy almost 60 AEGIS DESTROYERS from USA

or about ....15 russian aircraft carriers + full armed with mig and SU jets

or maybe couple of nuclear warheads to bring pple down

Just think ...If We need to fight the war..not only
we need weapons..we need $$
u can see 2.4 billion USD being spent every month..for Iraq.

If we were to be dragged into a war..the 100 billion can purchase
food, water and military supplies for 4 million population.

wars today are getting expensive...today you don't cut off a branch from a tree and attach a spear to it and den proclaim war Laughing

SibeiSuayKia SG

someone read my above postl eh

Qitai SG

Post new thread lah. What you comment are different from thread topic.

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